Hempstead County Property Taxes
The median property tax rate in Hempstead County is 0.77%, which is lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Hempstead County at $47,525, the typical annual property tax bill is $306, far below the national median of $2,690. Property taxes in Hempstead County are calculated based on the assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Hempstead County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hope or another part of Hempstead County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hempstead County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$366
$340
Ownwell’s Hempstead County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hempstead County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hempstead County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hempstead County, Arkansas
Property taxes in Hempstead County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hempstead County is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Hempstead County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hempstead County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Hempstead County's effective property tax rate with other areas and the national median. For comparison, the city of Hope has one of the higher property tax rates in the region at 0.84%, while the city of Blevins boasts one of the lowest at 0.77%. Analyzing how Hempstead County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hempstead County Tax Rate
0.77%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hempstead County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blevins | 0.11% | 0.30% | 0.77% | 0.83% | 0.83% |
| Columbus | 0.18% | 0.31% | 0.81% | 0.82% | 0.82% |
| Emmet | 0.13% | 0.39% | 0.77% | 0.77% | 0.84% |
| Fulton | 0.18% | 0.78% | 0.82% | 0.84% | 0.94% |
| Hope | 0.20% | 0.43% | 0.84% | 0.96% | 0.96% |
| Mc Caskill | N/A | N/A | N/A | N/A | N/A |
| Nashville | N/A | N/A | N/A | N/A | N/A |
| Ozan | 0.12% | 0.41% | 0.77% | 0.78% | 0.82% |
| Prescott | 0.12% | 0.27% | 0.77% | 0.77% | 0.77% |
| Saratoga | 0.18% | 0.71% | 0.82% | 0.82% | 0.82% |
| Washington | 0.21% | 0.45% | 0.82% | 0.84% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Hempstead County, Arkansas
In Hempstead County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hempstead County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Hempstead County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Hempstead County, Hope has the highest median tax bill at $352, while Fulton has the lowest at $161. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hempstead County, Arkansas
Source: Ownwell
$27,350
$54,025
$80,700
Average Hempstead County Assessed Value
$47,525
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hempstead County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blevins | $5,580 | $16,188 | $36,425 | $73,325 | $109,170 |
| Columbus | $6,720 | $19,450 | $47,950 | $76,250 | $122,820 |
| Emmet | $5,850 | $13,438 | $37,400 | $99,075 | $152,185 |
| Fulton | $4,515 | $11,162 | $27,350 | $60,938 | $110,050 |
| Hope | $11,600 | $26,550 | $51,500 | $100,600 | $160,110 |
| Mc Caskill | N/A | N/A | N/A | N/A | N/A |
| Nashville | N/A | N/A | N/A | N/A | N/A |
| Ozan | $4,250 | $10,800 | $33,200 | $78,975 | $172,800 |
| Prescott | $5,050 | $14,650 | $39,125 | $74,162 | $114,300 |
| Saratoga | $4,350 | $16,025 | $47,050 | $91,625 | $122,400 |
| Washington | $4,070 | $13,950 | $33,450 | $69,100 | $117,500 |
Source: Ownwell
Property Tax Bills Across Hempstead County, Arkansas
In Hempstead County, AR, property tax bills are calculated based on the assessed value of a home, which is typically a fraction of its market value. The county's median home price stands at $47,525. Homeowners' tax bills can vary significantly depending on the assessed value and the local tax rate. For instance, the tax bill at the 25th percentile is around $122, while it rises to $610 at the 75th percentile and $1,094 at the 90th percentile. Several factors influence the tax bill, including property location and specific city rates. In Hempstead County, the highest median tax bill is found in Hope at $352, whereas Fulton has the lowest at $161. Compared to the national median property tax rate of 0.99%, homeowners in Hempstead County generally face lower tax bills. These variations can significantly impact homeowners, affecting their overall cost of living and potentially influencing decisions about property investments and relocations.
Average Hempstead County Tax Bill
$306
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Hempstead County, Arkansas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Blevins | $25 | $53 | $195 | $367 | $648 |
| Columbus | $33 | $115 | $226 | $516 | $662 |
| Emmet | $24 | $67 | $236 | $522 | $938 |
| Fulton | $19 | $56 | $161 | $385 | $945 |
| Hope | $60 | $159 | $352 | $660 | $1,135 |
| Mc Caskill | N/A | N/A | N/A | N/A | N/A |
| Nashville | N/A | N/A | N/A | N/A | N/A |
| Ozan | $17 | $53 | $168 | $468 | $1,118 |
| Prescott | $20 | $63 | $174 | $378 | $636 |
| Saratoga | $25 | $87 | $217 | $577 | $953 |
| Washington | $31 | $85 | $203 | $435 | $845 |
Source: Ownwell